Includes the tuition required for enrollment or attendance in a course of study leading to the granting of a post baccalaureate or other graduate degree within the definition of "qualified college tuition expenses" for the purposes of qualifying for the college tuition credit.
STATE OF NEW YORK
________________________________________________________________________
4094--A
2011-2012 Regular Sessions
IN SENATE
March 17, 2011
___________
Introduced by Sen. SMITH -- read twice and ordered printed, and when
printed to be committed to the Committee on Investigations and Govern-
ment Operations -- recommitted to the Committee on Investigations and
Government Operations in accordance with Senate Rule 6, sec. 8 --
committee discharged, bill amended, ordered reprinted as amended and
recommitted to said committee
AN ACT to amend the tax law, in relation to including the tuition of
graduate students within the college tuition credit
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Subparagraph (C) of paragraph 2 of subsection (t) of
2 section 606 of the tax law, as amended by section 1 of part N of chapter
3 85 of the laws of 2002, is amended to read as follows:
4 (C) The term "qualified college tuition expenses" shall mean the
5 tuition required for the enrollment or attendance of an eligible student
6 at an institution of higher education. Provided, however, tuition
7 payments made pursuant to the receipt of any scholarships or financial
8 aid[, or tuition required for enrollment or attendance in a course of
9 study leading to the granting of a post baccalaureate or other graduate
10 degree,] shall be excluded from the definition of "qualified college
11 tuition expenses".
12 § 2. This act shall take effect immediately and shall apply to taxable
13 years beginning on or after January 1, 2013.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD10264-02-2
